The Edinburgh Investment Trust plc
EHITF
Other OTC- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Rita Grewal
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 10 Old Bailey London United Kingdom EC4M 7NG
- IPO Date
- Apr 19, 2023
- Website
- invescoperpetual.co.uk
- Similar Companies
- Business
- The Edinburgh Investment Trust plc (EHITF) is a United Kingdom-based closed-end investment trust that invests primarily in a high-conviction portfolio of 40 to 50 listed equities selected from UK companies across diversified sectors, including healthcare, industrials, consumer cyclical, financial services, consumer defensive, communication services, energy, real estate, basic materials, utilities, and technology; it benchmarks performance against the FTSE All-Share Index on a net asset value total return basis while targeting dividend growth ahead of UK inflation. The Trust offers investors exposure to a flexible mix of growth, value, and recovery stocks with sustainable business models, economic moats, and quality management teams, delivering total returns through capital appreciation and income; gearing is employed modestly at around 5%, with an ongoing charges figure of 0.50% and active share of approximately 70%. Incorporated on 1 March 1889 and headquartered at First Floor, 9 Haymarket Square in Edinburgh, Scotland, the Trust operates within the AIC UK Equity Income sector, targeting long-term outperformance for shareholders through fundamental research and engagement-focused stewardship. Managed by Liontrust's Global Fundamental team since April 2022—following Liontrust's acquisition of Majedie Asset Management, which had held the mandate since 2020—the portfolio is led by Imran Sattar as lead manager (since February 2024) and Emily Barnard as deputy, emphasizing pragmatic stock selection without style biases. Recent portfolio adjustments in the year to March 2025 included new positions in National Grid and London Stock Exchange Group, alongside sales of Marks & Spencer and Centrica after successful turnarounds; the Trust repurchased 4.7% of its shares in the prior 12 months (17.4% cumulatively since March 2020) to address a persistent circa-10% NAV discount, enhancing NAV per share by 0.4%. Operational enhancements encompassed a reduced investment management fee lowering the ongoing charges ratio to 0.51%, new long-term borrowing arrangements, sustained dividend growth (28.80p for the 12 months to March 2025, up from 27.20p prior), and the fifth anniversary of the current investment team's tenure marked by strong NAV total returns.